NC home prices up 2007 third quarter

NC home prices continue to be up in 2007 over 2006. North Carolina ranks number 7 in house price increases at 6.51 percent. NC cities with significant price increases are:

Asheville …………….9.44 percent
Hickory area……….8.56 percent
Charlotte metro …8.10 percent
Durham……………….7.78 percent

The third quarter increase of  6.51 percent was slightly down from the second quarter increase of 7.10 percent.

The price increase data was taken from a report by the Office of Federal Housing Enterprise Oversight and can be viewed at:http://www.ofheo.gov/media/hpi/2q07hpi.pdf

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